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Apr 2, 2013
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. >> the obama administration and shareholders with providers bring a big sigh of relief. maybe beneficiaries, seniors, retires as well since the spin is it provides stability and improves choice. the plan was to lower reimbursements by 2.3% as a part of a way to customer costs. instead, after that, heavy lobbying, or as the administration says, careful consideration, to insurers and providers will go up by more than 3%. talk about a reversal of fortune. we'll click through the stocks. you can see the pattern is similar. they all fell sharply, rebounded with the market, but lost steam against as the reimbursement rates initial lip came out. the cut coming back now today, look at cigna, humana, all is well, right? not so fast says the ceo of humana, says other cuts pretty much wipe out the increase in reimbursements. we are pleased that they recognize the significant negative impact of the initial rate changes, but says there are meaningful challenges in certain geographies. the stocks are getting a healthy, healthy boost today. sue? >> thank you very much, scott. >>> bull
. >> the obama administration and shareholders with providers bring a big sigh of relief. maybe beneficiaries, seniors, retires as well since the spin is it provides stability and improves choice. the plan was to lower reimbursements by 2.3% as a part of a way to customer costs. instead, after that, heavy lobbying, or as the administration says, careful consideration, to insurers and providers will go up by more than 3%. talk about a reversal of fortune. we'll click through the stocks....
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Mar 29, 2013
03/13
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president obama made him his pay czar, where he cut the salaries of executives of companies that received government bailouts. but it was his role as special master of the 9/11 victims compensation fund that was his greatest challenge and likely his lasting legacy. >> 9/11 was a horrific experience, because you were dealing with traumatic death, where people said good-bye to loved ones that morning and never saw them again. incinerated. no body to bury. this is different, but it's very, very emotional, bp, very emotional. it's not death. it's more, "what does the future hold in terms of my ability to earn a living?" >> he has $20 billion of bp's money to dole out as he sees fit. >> just bring it on, baby. >> the idea behind the fund is similar to 9/11: persuade people to accept payment for their losses up front... >> uh-oh. >> instead of engaging in long and costly and uncertain lawsuits against bp. >> it's a free country. if you want to come into the fund with all the benefits of the fund, come on in. you're welcome. we'll give you a fair shake. we'll process your claim. we'll pay what y
president obama made him his pay czar, where he cut the salaries of executives of companies that received government bailouts. but it was his role as special master of the 9/11 victims compensation fund that was his greatest challenge and likely his lasting legacy. >> 9/11 was a horrific experience, because you were dealing with traumatic death, where people said good-bye to loved ones that morning and never saw them again. incinerated. no body to bury. this is different, but it's very,...
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Apr 2, 2013
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. ♪ >>> this morning at the white house, president obama unveiled his brain initiative, investing $100 million in a project that speeds up r&d for mapping the human brain. brain is an acrho anyone for brain research through advanced innovative neurotechnologies. this unlocking of the brain can help development treatments for things like epilepsy, brain injury, stroke and alzheimer's disease. some private companies are joining the effort. josh lipton has more. >> the b.r.a.i.n. initiative will help researchers produce dinamic pictures of the brain, show how cells and neurocircuit interacts and hopefully function and behavior. there also could be investment implications here. for help we called barbara ryan, the managing director of fti consulting. ryan says the impact of this any of tiff could be greatest on always hypers. remember, it is the most significant disease burden in high-income countries and expected to grow in developing countries. ryan says there's 1200 ongoing clinical trials, and some of the top companies in terms of dollars being invested in new therapies to fight alzhei
. ♪ >>> this morning at the white house, president obama unveiled his brain initiative, investing $100 million in a project that speeds up r&d for mapping the human brain. brain is an acrho anyone for brain research through advanced innovative neurotechnologies. this unlocking of the brain can help development treatments for things like epilepsy, brain injury, stroke and alzheimer's disease. some private companies are joining the effort. josh lipton has more. >> the...
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Apr 2, 2013
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. >> yeah, maria, welcome news, and a surprising reversal have the obama administration, which has as recently as february wanting to cut medicare reimbursements by more than 2%. this is aimed at fulfilling a key cost-cutting goal of the health care act. apparently the outcry was too much. after what the administration calls careful consideration of public comments, a 2% cut has become a reimbursement. take a look at how the managed care stocks have performed as a group. they fell after the election, and again in february after those cuts were proposed, today the stocks are back big-time. that index up 3%. reimbursements are going up, but deductibles are going down. premium increases for medicare advantage are limited. and there are also new cost controls in effect as well. plus, of course, health care costs in general are going up. the president of humana said today that the changes, all told, still create what he called meaningful challenges that they are still evaluating. bill, maria, back to you. >> scott, thanks very much. it wasn't lost on the stock market, after this announceme
. >> yeah, maria, welcome news, and a surprising reversal have the obama administration, which has as recently as february wanting to cut medicare reimbursements by more than 2%. this is aimed at fulfilling a key cost-cutting goal of the health care act. apparently the outcry was too much. after what the administration calls careful consideration of public comments, a 2% cut has become a reimbursement. take a look at how the managed care stocks have performed as a group. they fell after...
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Apr 3, 2013
04/13
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you had president obama at the white house confirming he's going to return 5% of his salary since the beginning of the sequester, which hit on march the 1st. now, the president makes $400,000 a year. that's a little more than $30,000 a month, which means that 5% of that for a month, so far, we're just in the beginning of april, is less than $2,000. not a consequential amount of money, but this is part of the president's attempt to get the high ground, especially as some of the sequester effects kick in. i wouldn't be at all surprised, we heard a similar thing from chuck hagel, the defense secretary, because a lot of the defense cuts are coming in defense, earlier today. i wouldn't be surprised if we hear that from some members of congress, with the question of leadership as well. but principally, only for those who like president obama, don't actually need that money, maria. >> john, thanks so much. john, let me ask you this, while we're here. how much specifically are we talking about in terms of the president's money. >> well, as i said, it's less than $2,000 a month, if we're talki
you had president obama at the white house confirming he's going to return 5% of his salary since the beginning of the sequester, which hit on march the 1st. now, the president makes $400,000 a year. that's a little more than $30,000 a month, which means that 5% of that for a month, so far, we're just in the beginning of april, is less than $2,000. not a consequential amount of money, but this is part of the president's attempt to get the high ground, especially as some of the sequester effects...
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Apr 2, 2013
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obama always says he wants seniors, if they're happy, to keep that option. if they prefer a government plan, to have that option as well. throughout health care reform several cuts hit the managed care plans. it is taking down rates by 2.3%. there's an mlr minimum that assures if they don't hit 85% of premium revenues spent on medical expenses it's getting rebated back. so there are still those items intact. but what really changed last night is what with he refer to as the dock fix or sustainable growth rate. since 2010, physicians were supposed to have their fees cut. and that was supposed to bring down overall health care spending. but if you put these in, some of us are going out of business. they have been playing it. the current delay was scheduled to expire at the end of this year. they had been paying the managed care, as if these cuts were going into place. what happened last night is they're on apples to apples basis. we saw 500 basis points improvement from that change. >> i still don't understand, though. or i'm not sure that's the way i remember
obama always says he wants seniors, if they're happy, to keep that option. if they prefer a government plan, to have that option as well. throughout health care reform several cuts hit the managed care plans. it is taking down rates by 2.3%. there's an mlr minimum that assures if they don't hit 85% of premium revenues spent on medical expenses it's getting rebated back. so there are still those items intact. but what really changed last night is what with he refer to as the dock fix or...
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Apr 5, 2013
04/13
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. >> is that obama care? is that people not wanting to have these people on? we seem to have these overtime numbers continue to be strong meaning you'd rather to pay existing people more than hire more people. housing's been good, but not enough. i think if you see this number we know that autos have been good, not enough. i'm not speechless about the number, but it's just -- i can understand why people would -- >> construction was down. energy, jim, was down. the first time that energy did not add jobs in this country. >> we had a good baker hughes number, but natural gas went to a level where it was too cheap to drill and natural gas has since come up. >> it was not a great number and we have pointed many times to the resurgence and the manufacturing jobs to the extent that we were relying on cheap energy because of the natural gas play. >> it's not coming together, and i think one thing that i haven't heard talked about in the earlier show is bernanke, we spent a huge amount of time talking about when is he going to stop that bond buying because things were
. >> is that obama care? is that people not wanting to have these people on? we seem to have these overtime numbers continue to be strong meaning you'd rather to pay existing people more than hire more people. housing's been good, but not enough. i think if you see this number we know that autos have been good, not enough. i'm not speechless about the number, but it's just -- i can understand why people would -- >> construction was down. energy, jim, was down. the first time that...
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Apr 2, 2013
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but analysts say the reversal marks a real victory. >> that's good because obama has always said that he wants seniors, if they're happy with the insurance plan to be able to keep that option. >> h>> along with the big names we get a lot of revenues from ama united, cig na and etna all hitting two-weeks high. the 14 million seniors on the private plans were really worry that had the insurers may exit them for 2014. back to you. >> it's been tough going on some of these names. they're up, down, up, down, but this is a decisive move. thank you so much. the dow hitting a new high. the s&p 500 making another run at hitting the all time high. our next guest says we have had a great run but are right for a correction. mark klein with russell investments. mark, good morning to you. >> good morning. >> we keep hearing that we're right for a correction and it's just not happening. we've hit the equity targets for the year. so do you chase it? >> yeah. we have hit our equity tarlgts for the year. we haven't seen a 5% correction for november. usually we get 3% to 5% a year. i thought particularl
but analysts say the reversal marks a real victory. >> that's good because obama has always said that he wants seniors, if they're happy with the insurance plan to be able to keep that option. >> h>> along with the big names we get a lot of revenues from ama united, cig na and etna all hitting two-weeks high. the 14 million seniors on the private plans were really worry that had the insurers may exit them for 2014. back to you. >> it's been tough going on some of these...